Transfer of Properties to Philadelphia Land Bank: S. 47th Street and Folsom Street

• When: June 6, 2024
• Address: 1234-1240 S. 47th Street, 3914 Folsom Street, 3935 Folsom Street, 3936 Folsom Street, 3938 Folsom Street, Philadelphia, PA
• City: Philadelphia
• State: PA
• Category: Land Use Planning

The Philadelphia City Council has authorized the Philadelphia Redevelopment Authority to transfer the deeds of properties located at 1234-1240 S. 47th Street, 3914 Folsom Street, 3935 Folsom Street, 3936 Folsom Street, and 3938 Folsom Street to the Philadelphia Land Bank. This transfer is in accordance with the Commonwealth Land Bank Act and aims to facilitate the management and redevelopment of these properties, which are located in the Third Councilmanic District.

Why it Matters

This transfer is significant as it enables the Philadelphia Land Bank to manage and potentially redevelop these properties, furthering the city’s goals of reducing blight and promoting community revitalization in the Third Councilmanic District.

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